Electricity is the lifeblood of our digital world. Access to reliable, safe and renewable energy can impact entire economies and there is extensive research showing the substantial economic losses caused by power outages. This is one of the key reasons why smart grid technology is being deployed by power utilities around the world—improve energy security and grid reliability and keep our digital world running. Smart Grids are also giving us a glimpse into the much talked about Internet of Things (IoT). Power utilities are demonstrating the critical role of resilient communication networks that enable millions of devices to talk with one another. IoT is often defined as connecting any object with an IP address and some intelligence to any other object over the communications network.
Silver Spring Networks (SSNI) Tuesday reported it will install an “advanced, multi-application smart energy and smart city network” for CESC Ltd., an Indian utility with 2.9 million customers in Kolkata. No terms were disclosed. Silver Spring said the initial installation will connect 25,000 customers and automate CESC’s electricity distribution grid. Silver Spring said CESC has signed a Memorandum of Understanding to collaborate in offering smart grid and smart city services to other organizations in West Bengal and throughout India. Silver Spring said its installation will enable CESC to gain operational efficiencies, improve grid reliability, and will empower consumers to monitor and manage energy consumption.
Tollgrade Communications, Inc., the industry leader in redefining the global standard for reliability at the worlds largest electric utilities and telecommunications providers, is helping European utility companies and distribution network operators (DNOs) to improve grid reliability while significantly reducing capital and operational costs with its LightHouse Medium Voltage (MV) Sensors and Predictive Grid®Analytics software.
Silver Spring Networks (NYSE:SSNI) and CPFL Energia, Brazil’s largest private electricity group, today announced an extension of their smart grid program, with the addition of a grid reliability and Distribution Automation program for cities in the interior of the state of São Paulo. The expansion of CPFL’s smart grid program leverages the existing investment in Silver Spring’s mesh networking platform and is built upon the successful Phase 1 Advanced Metering Infrastructure deployed for ‘Grupo A’ customers, the large-scale commercial and industrial (C&I) customers across CPFL Group’s eight distribution companies.
The Federal Energy Regulatory Commission (FERC) has proposed updates to electric reliability strategy standards to strengthen coordination “to plan and reliably operate the bulk electric system under normal and abnormal conditions,” FERC said in a statement.
While electric vehicles (EV) have caused questions about whether they have a negative impact on grid reliability, a new report found that they may actually have the opposite effect. In China, a country that uses a large amount of wind and solar energy, EVs may help to stabilize their grid, according to a new study.
Electric utilities today face unprecedented volatility and business challenges. To stay competitive and ensure a managed transition to a sustainable future, electric utilities must ensure grid reliability, grid modernization and provide higher value energy services. Join a panel of experts to understand how to protect your existing investment while designing an integrated technology business transformation.
The California Independent System Operator (CAISO), the California Public Utilities Commission and the California Energy Commission have jointly released a plan to assess and improve the market environment and regulatory policies impacting storage and the state’s grid.
“The roadmap is a foundation to integrate energy storage technologies that benefits grid reliability and consumers throughout the West,” said ISO CEO Steve Berberich. “This document details specific actions needed to optimize this maturing technology.” The report looks at expanding revenue opportunities, reducing costs of integrating and connecting to the grid and streamlining and spelling out policies and processes to increase certainty.
A recent report from Navigant Research (Boulder, Colorado, US) analyzes the global market for smart grid technologies, including global market forecasts for revenue, broken out by technology, application, component, and region, through 2023.
The benefits of smart grid technology are becoming increasingly quantifiable, not only in terms of improved grid reliability, but also in economic benefits, according to the report. Worldwide revenue from smart grid technologies is expected to grow from USD 44.1 billion in 2014 to USD 70.2 billion in 2023, forecasts Navigant Research.
The U.S. electricity grid is a mind-boggling mess. For one thing, it is two large and three small grids, rolled into one. Two types of organizations, independent system operators and regional transmission bodies, control their slices, which may cover several states. Each state has its own utility laws. Then there are eight regional reliability councils that work with the North American Electric Reliability Corp., which is overseen by the Federal Energy Regulatory Commission. The two break down the grid into different, overlapping regions.